By Susanna Moon
Chicago, Jan. 31 – Citigroup Global Markets Holdings Inc. priced $399,000 of 0% enhanced buffered digital securities due Jan. 30, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The note are guaranteed by Citigroup Inc.
If the index finishes above the 85% threshold level, the payout at maturity will be par plus the fixed return of 15%.
Otherwise, investors will lose 1% for every 1% decline beyond the buffer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Enhanced buffered digital securities
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| Underlying index: | Russell 2000
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| Amount: | $399,000
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| Maturity: | Jan. 30, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains or falls by 15% or less, par plus 15%; otherwise, 1% loss per 1% drop beyond 15%
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| Initial index level: | 1,375.595
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 3%
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| Cusip: | 17324CDW3
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